The Bitcoin.com and Verse community has overwhelmingly voted in favor of the Verse Mega Burn Initiative, marking the most ambitious tokenomics transformation since VERSE’s inception.
Two governance proposals received 99.99% YES votes from a combined 1.8 billion+ voting power:
- Proposal 1: Burn of unutilized Development Fund (68.8B VERSE) — View Proposal
- Proposal 2: Burn of unutilized Team Fund (17.4B VERSE) — View Proposal
Together, these two proposals will reduce the total VERSE supply by approximately 38–42% over four years, with an immediate 15–17% reduction scheduled between October and December 2025.
The Verse Mega Burn Initiative represents a decisive move to restore scarcity, strengthen holder confidence, and re-energize market engagement.
When VERSE launched in December 2022, 49% of the total supply was allocated to the Development Fund (34%) and Team Fund (15%) to support long-term growth and incentives. To date, only 3.5% of the Development Fund has been utilized — reflecting strong capital efficiency and disciplined fund management.
The team believes the foundation established since launch can sustain future growth without additional fund activation, allowing the remaining unutilized 68.8B VERSE from the Development Fund and 17.4B VERSE from the Team Fund to be permanently removed from circulation.
The Ecosystem Incentives Fund will be maintained to continue fueling ecosystem and community growth.
Since launch, VERSE has been the rewards and utility token powering the Bitcoin.com and Verse Ecosystem, enabling users to earn, trade, and participate in decentralized finance and governance.
- 2022–2023: Core infrastructure launched — Verse DEX, liquidity pools, staking, farms, and 200+ partner integrations.
- 2023–2024: Ecosystem expansion — Governance, Polygon migration, ETH and USDC Liquid Staking, Verse Scratcher, Verse Clicker, Burn Engine, and the Web3 Explorer in the Bitcoin.com self-custodial wallet.
- 2024–2025: Utility expansion — Verse Web3 debit card, Bitcoin.com AI payments, Verse Merchandise, Wallet Quests, and Community Advocacy programs.
- 30M+ app downloads across mobile and web wallets since the launch of VERSE.
- 318K+ VERSE holders across Ethereum and Polygon.
- Tripled monthly active users of the Bitcoin.com Wallet app in the past year.
- Decentralized trading and self-custodial yield opportunities now accessible across supported chains.
“The Verse Mega Burn marks a turning point in our journey. This initiative demonstrates our confidence in the foundation we’ve built and our commitment to long-term value creation for VERSE holders and the broader Bitcoin.com ecosystem. If you’ve been sleeping on VERSE, now is the time to wake up.” – Joel Tan, Verse Team Lead
VERSE is the rewards and utility token of the Bitcoin.com ecosystem, designed to onboard millions of users into self-custodial finance. It powers decentralized apps, loyalty programs, and community governance, serving as the cornerstone of Bitcoin.com’s Web3 journey.
Learn more: https://verse.bitcoin.com
Participate in governance: https://vote.verse.bitcoin.com
Join the community: t.me/GetVerse/177601
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